97-32


      SEC ANNOUNCES SEVENTH ANNUAL INTERNATIONAL INSTITUTE


      Washington,  D.C., April 11, 1997 -- On Monday,  April  14,
1997,  the  Securities  and  Exchange Commission  will  host  the
Seventh  Annual  International Institute  for  Securities  Market
Development.   The  two-week, executive level  Institute  is  the
cornerstone  of  the  SEC's  international  technical  assistance
program.   The Institute features panels and workshops  conducted
by  SEC  staff  and officials from the securities  industry,  the
private bar, and international development organizations.

     The Institute audience will include approximately 103 senior
securities  regulators and securities market  officials  from  67
emerging market countries.  The past six Institutes have provided
training  for  more than 550 officials from five  continents.   A
list  of  countries  that  plan to send representatives  to  this
year's Institute is attached.

      The  program  will commence at 9:30 a.m. on April  14  with
welcoming  remarks  by  SEC  Commissioner  Isaac  C.  Hunt,   Jr.
Commissioner Hunt will be followed by a keynote address  at  9:45
a.m.  by the Gary L. Perlin, Vice President and Treasurer of  The
World  Bank.  The welcoming remarks and keynote address are  open
to  the press and will be delivered at the SEC's headquarters  in
Room 1C-30, 450 Fifth Street, N.W., Washington, D.C.



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                  LIST OF COUNTRIES PARTICIPATING IN
                 THE 1997 INTERNATIONAL INSTITUTE FOR 
                    SECURITIES MARKET DEVELOPMENT

 1.  Argentina                          35.  Mauritius
 2.  Armenia                            36.  Mexico
 3.  Bangladesh                         37.  Moldova
 4.  Bolivia                            38.  Mongolia
 5.  Botswana                           39.  Morocco
 6.  Brazil                             40.  Nepal                                        
 7.  Bulgaria                           41.  Nigeria
 8.  Cambodia                           42.  Pakistan
 9.  Cameroon                           43.  Panama
10.  China                              44.  Peru
11.  Colombia                           45.  Philippines
12.  Croatia                            46.  Poland
13.  Cyprus                             47.  Romania
14.  Czech Republic                     48.  Russia
15.  Dominican Republic                 49.  Saudi Arabia
16.  Egypt                              50.  Slovak Republic
17.  El Salvador                        51.  Slovenia
18.  Fiji Islands                       52.  South Africa
19.  Georgia                            53.  Sri Lanka
20.  Ghana                              54.  Taiwan
21.  Hungary                            55.  Tajikistan
22.  India                              56.  Tanzania
23.  Indonesia                          57.  Thailand
24.  Jamaica                            58.  Trinidad and Tobago
25.  Jordan                             59.  Tunisia
26.  Kazakhstan                         60.  Turkey
27.  Kenya                              61.  Turkmenistan
28.  Korea                              62.  Uganda
29.  Kyrgyz Republic                    63.  Ukraine
30.  Latvia                             64.  Uruguay
31.  Lebanon                            65.  Uzbekistan
32.  Lithuania                          66.  Vietnam
33.  Malaysia                           67.  Zambia
34.  Malta